The Reserve Bank of India earned ₹1.69 lakh crore from foreign exchange transactions in FY26, up 52% from the previous year, as it sold a record $53.13 billion from forex reserves to support the rupee amid a 9.5% depreciation. RBI’s total foreign income rose 27% to ₹3.28 lakh crore, helped by higher returns from foreign securities, while domestic income increased 26% to ₹1 lakh crore due to higher interest on rupee securities.
Tata Motors launches tender offer for Iveco Group; deal values company at €3.82 billion
Tata Motors has launched a €14.1-per-share cash tender offer for Iveco Group, valuing the Italian commercial vehicle maker at €3.82 billion. Backed by Iveco’s largest